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20750 N 87th Street #1107 Scottsdale, AZ 85255

3 Beds 2 Baths 1,715 sqft Built 2007

$545,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $317.78
  • 5 Days on Market
  • MLS # : 6154182
  • Updated Date : 11/01/2020 at 11:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,715 sqft
  • Baths : 2 full
Listing Agent

Realty One Group

Listing Agent's Description

Welcome to your AZ Sanctuary! You'll love this luxury single level 3 bedroom / 2 bath townhome in Scottsdale's premier gated community. Encore at Grayhawk's tranquil neighborhood is ideal for winter visitors and year-round residents alike. Spectacular open floorplan w/ 9ft ceilings, eat-in kitchen, gas stove, granite breakfast bar opens to spacious living room, gas fireplace and formal dining area. Master bedroom suite w/ walk-in closet, full bath, and access to the patio. New carpet and int/ext paint 2020. Beautiful community heated pool, spa, fitness center, and clubhouse. Enjoy Scottsdales finest eateries, shopping and easy access to the 101 fwy. Located in the heart of the north Scottsdale surrounded by lush desert walking trails, and adjacent to Grayhawk's incredible golf courses.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Encore at Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $122k492k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Encore at Grayhawk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10452993

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Grayhawk Elementary School Primary Regular 597 32 10
Grayhawk Elementary School Middle Regular 597 32 10
Pinnacle High School High Regular 2,443 96 8

Grayhawk Elementary School

  • Education Level: Primary
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Grayhawk Elementary School

  • Education Level: Middle
  • # of students: 597
  • # of teachers: 32
10
GreatSchools Rating

Pinnacle High School

  • Education Level: High
  • # of students: 2,443
  • # of teachers: 96
8
GreatSchools Rating
 

$490,500$599,500$545,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$2,011
Property Tax -$406
Property Insurance -$61
HOA -$377
Property Management Fees -$99
CASH FLOW
-$493

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$545,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$150,175

INVESTMENT

$150,175

Down Payment
$136,250
Rehab Estimate
$5,750
Closing Costs
$8,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$2,011

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $136,250
Loan Amount $408,750
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,654

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,460

    LIST RENT
  • $1.43

    LIST RENT PER SQFT
  • $2,461

    COMP ESTIMATED VALUE
  • $1.43

    COMP AVG. RENT PER SQFT
Comps Range
$2,395
1$2,3952$2,4003$2,4604$2,5005$2,700
$2,700
RENT COMPS ANALYSIS
  • 20750 N 87th Street #1107 Scottsdale, AZ 3
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $1.43
    •  
  • 20750 N 87th Street #2014 Scottsdale, AZ 1
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2006
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.31
    •  
  • 19475 N Grayhawk Drive #2089 Scottsdale, AZ 2
    • 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,714 Sqft ∙ Built 2003
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.40
    •  
  • 20750 N 87th Street #1065 Scottsdale, AZ 4
    • 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,715 Sqft ∙ Built 2007
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.46
    •  
  • 20750 N 87th Street #1146 Scottsdale, AZ 5
    • 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,725 Sqft ∙ Built 2007
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.57
    •  
PROPERTY LISTING DETAILS
Leigh Crowe
Realty One Group
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6154182
Last Updated: 11/01/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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